Staroń & Partners represented (together with White & Case and Wolf Theiss) Indian investors Flemingo DutyFree in a case against the Republic of Poland brought under the agreement between the Republic of India and Poland for the promotion and protection of investments (BIT). In its award of 12 August 2016 the Tribunal ruled in favour of Flemingo DutyFree, stating that Poland was responsible for wilful and unlawful expropriation of the investment […]
Staroń & Partners co-advised Flemingo DutyFree in investment arbitration against the Republic of Poland before the International Tribunal of Arbitration
Staroń & Partners represented (together with White & Case and Wolf Theiss) Indian investors Flemingo DutyFree in a case against Poland brought under the agreement between the Republic of India and Poland for the promotion and protection of investments (BIT).
In its award of 12 August 2016 the Tribunal ruled in favour of Flemingo DutyFree, stating that Poland was responsible for wilful and unlawful expropriation of the investment of Flemingo DutyFree by Polskie Porty Lotnicze (PPL) without compensation and that Poland failed to ensure fair and equitable treatment for the investor in the light of obligations under the BIT.
The Tribunal ordered Poland to pay compensation of EUR 20 million to the investors.
Staroń & Partners specialises in arbitration proceedings before the International Tribunal of Arbitration under bilateral investment treaties. The case of Flemingo DutyFree is the first case in history against the Republic of Poland where the court awarded compensation to the investor.
As a result of rapid development of regions across Poland and high demand for professional advisory in trade disputes, Staroń & Partners opened their first office outside Warsaw. “We are handling several proceedings in Olsztyn and, recognising the city’s potential, we decided to open an office here,” said Piotr Staroń, Managing Partner at Staroń & Partners.
Staroń & Partners opens an office in Olsztyn
